Chevron Stock: Stock and Chevron

chevron stock: Occidental ticker OXY bid 76 a share, consisting of half cash and stock, topping Chevron's CVX offer of 65 a share, mostly in stock, which now is worth about 62 a share given the 6% decline in Chevron stock since it announced the deal on April 12, according to The Independent. On Thursday morning, Anadarko stock APC was trading at 71.59, up 19 cents on the day, after rising nearly 12% Wednesday. Chevron must lift its offer, the reasoning goes, but it doesn't have to match one from Occidental Petroleum in order to acquire the independent energy company. Chevron stock was up 10 cents at 118.38 and Occidental stock had risen 1.17 to 63.17. Perhaps 72, wrote Mizuho energy analyst Paul Sankey. We think Chevron will raise in response to the bid, but to a last and final bid, short of Oxy at 76. (news.financializer.com). As reported in the news.